NEW YORK--(BUSINESS WIRE)--Jul. 17, 2018--
Barnes & Noble, Inc. (NYSE: BKS) today announced that it has
entered into an amendment to extend its existing $750 million credit
facility through July 2023.

“We appreciate the strong level of support we received from our lending
partners,” said Allen Lindstrom, Chief Financial Officer of Barnes &
Noble, Inc. “Extending our credit facility provides us continued
flexibility to support the seasonality of our business and execute on
our strategic initiatives.”

For further details, please see the company’s Current Report on Form 8-K
being filed today with the SEC.

The transaction was led by Bank of America, N.A., JPMorgan Chase Bank,
N.A., Wells Fargo Bank, National Association, and SunTrust Robinson
Humphrey, Inc. as Joint Lead Arrangers and Joint Book Runners, and was
supported by several other financial institutions. Bank of America, N.A.
will serve as Administrative Agent for the facility.

About Barnes & Noble, Inc.Barnes & Noble, Inc. (NYSE:
BKS) is the nation’s largest retail bookseller, and a leading retailer
of content, digital media and educational products. The Company operates
630 Barnes & Noble bookstores in 50 states, and one of the Web’s premier
e-commerce sites, BN.com (www.bn.com).
The Nook Digital business offers a lineup of popular NOOK®
tablets and eReaders and an expansive collection of digital reading and
entertainment content through the NOOK Store®. The NOOK Store
(www.nook.com)
features digital books, periodicals and comics, and offers the ability
to enjoy content across a wide array of popular devices through Free
NOOK Reading Apps™ available for Android™, iOS® and Windows®.

General information on Barnes & Noble, Inc. can be obtained by visiting
the Company's corporate website at www.barnesandnobleinc.com.

BKS – Financial

Forward-Looking StatementsThis press release contains
certain forward-looking statements (within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended) and information relating to
Barnes & Noble that are based on the beliefs of the management of Barnes
& Noble as well as assumptions made by and information currently
available to the management of Barnes & Noble. When used in this
communication, the words “anticipate,” “believe,” “estimate,” “expect,”
“intend,” “plan,” “will,” “forecasts,” “projections,” and similar
expressions, as they relate to Barnes & Noble or the management of
Barnes & Noble, identify forward-looking statements.

Such statements reflect the current views of Barnes & Noble with respect
to future events, the outcome of which is subject to certain risks,
including, among others, the general economic environment and consumer
spending patterns, decreased consumer demand for Barnes & Noble’s
products, low growth or declining sales and net income due to various
factors, including store closings, higher-than-anticipated or increasing
costs, including with respect to store closings, relocation, occupancy
(including in connection with lease renewals) and labor costs, the
effects of competition, the risk of insufficient access to financing to
implement future business initiatives, risks associated with data
privacy and information security, risks associated with Barnes & Noble’s
supply chain, including possible delays and disruptions and increases in
shipping rates, various risks associated with the digital business,
including the possible loss of customers, declines in digital content
sales, risks and costs associated with ongoing efforts to rationalize
the digital business, risks associated with the eCommerce business,
including the possible loss of eCommerce customers and declines in
eCommerce sales, the risk that financial and operational forecasts and
projections are not achieved, the performance of Barnes & Noble’s
initiatives including but not limited to new store concepts and
eCommerce initiatives, unanticipated adverse litigation results or
effects, potential infringement of Barnes & Noble’s intellectual
property by third parties or by Barnes & Noble of the intellectual
property of third parties, and other factors, including those factors
discussed in detail in Item 1A, “Risk Factors,” in Barnes & Noble’s
Annual Report on Form 10-K for the fiscal year ended April 28, 2018, and
in Barnes & Noble’s other filings made hereafter from time to time with
the SEC.

Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results or
outcomes may vary materially from those described as anticipated,
believed, estimated, expected, intended or planned. Subsequent written
and oral forward-looking statements attributable to Barnes & Noble or
persons acting on its behalf are expressly qualified in their entirety
by the cautionary statements in this paragraph. Barnes & Noble
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise after the date of this communication.